More Top Stories in Shale Plays

Acquisitions & Divestitures, Lease Sales, Crude Oil

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

May 9, 2024

Acquisitions & Divestitures, Gathering & Processing, Pipelines, Construction

Kinetik Launches Delaware Basin M&A Valued at $1.3B

Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.

May 9, 2024

Field Development, Emerging Plays

SM Energy Targets Prolific Dean in New Northern Midland Play

KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”

May 9, 2024

Acquisitions & Divestitures, Earnings, Crude Oil

Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space

Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.

May 9, 2024

Shale Plays, Crude Oil, Natural Gas

Enverus: Permian Gains Will Sustain US Oil Production Through 2030

Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.

May 8, 2024

Pipelines, Storage, Earnings

‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business

Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.

May 8, 2024

Acquisitions & Divestitures, Field Development

Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals

Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.

May 7, 2024

Acquisitions & Divestitures, Exploration & Production

Permian Resources Adds More Delaware Basin Acreage

Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.

May 7, 2024

Acquisitions & Divestitures, Crude Oil, Exploration & Production

Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas

Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.

May 7, 2024

Lease Sales

Marketed: Mississippian Play Opportunity in Grady County, Oklahoma

An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.

May 6, 2024